The Reserve Bank of New Zealand next meet May 8
WPAC see the Bank cutting by 25bps (previously had the RBNZ on hold for an extended period). WPAC are not alone in this expectation.
Citing weak business confidence in the NZIER survey yesterday as the latest in a srong of negative information on the economy
Westpac add that they do not currently expect any further rate cuts in 2019 after the May cut.
